Sovereign debt crisis forces Spain to reduce its aid to Mozambique

18 January 2013

Spain has announced plans to reduce its financial development aid to Mozambique, due to the sovereign debt crisis in the Euro Zone and in Spain, said the director of the Spanish International Cooperation for Development Agency (AECID).

However, Juan López Dóriga gave assurances that, before making any decision about the areas in which it will cut back on aid, the Spanish authorities will discuss priorities with the Mozambican government.
López Dóriga Friday ended a three-day visit to Mozambique, which was intended to assess two-way cooperation, and met with the Prime Minister, Alberto Vaquina, the Health Minister, Alexandre Manguele, and deputy Planning and Development Minister, Amélia Nakhare.

He said that Spain had been affected by the sovereign debt crisis, which had led to it revoking its cooperation agreement with 26 countries, out of a total of 50.

“Most of the countries with which we have cooperation relations are in Latin America, but we have some African countries such as Niger, Mai, Ethiopia and Mozambique,” said the AECID director, which has been operating in Mozambique for over 30 years. (macauhub)